Benjamin F. Edwards & Company Inc. Purchases 542 Shares of Visa Inc (NYSE:V)
Benjamin F. Edwards & Company Inc. boosted its position in shares of Visa Inc (NYSE:V) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 27,894 shares of the credit-card processor’s stock after acquiring an additional 542 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Visa were worth $4,494,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of V. Norges Bank bought a new stake in shares of Visa in the 4th quarter valued at approximately $3,303,463,000. M&G Investment Management Ltd. purchased a new stake in shares of Visa in the fourth quarter worth approximately $235,333,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Visa in the first quarter worth approximately $182,892,000. Renaissance Technologies LLC raised its holdings in shares of Visa by 1,683.4% in the fourth quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock worth $167,889,000 after buying an additional 843,400 shares during the period. Finally, Investec Asset Management LTD raised its holdings in shares of Visa by 15.9% in the fourth quarter. Investec Asset Management LTD now owns 5,875,039 shares of the credit-card processor’s stock worth $1,103,920,000 after buying an additional 808,021 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on V shares. Robert W. Baird increased their price target on Visa from $166.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Zacks Investment Research upgraded Visa from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a report on Sunday, May 3rd. Barclays reduced their price objective on Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Raymond James raised their price objective on Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, BMO Capital Markets reduced their price objective on Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $203.00.
Shares of Visa stock opened at $183.49 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The business has a 50-day moving average price of $169.86 and a 200 day moving average price of $183.15. The firm has a market cap of $359.72 billion, a PE ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the business earned $1.31 EPS. Visa’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc will post 4.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is currently 22.06%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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